Sumitomo Mitsui Trust Group Inc. Cuts Position in The Travelers Companies, Inc. (NYSE:TRV)

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 884,627 shares of the insurance provider’s stock after selling 6,283 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.39% of Travelers Companies worth $213,098,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC boosted its holdings in Travelers Companies by 3.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 5,657 shares of the insurance provider’s stock valued at $1,324,000 after purchasing an additional 180 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in Travelers Companies by 25.4% in the third quarter. Atomi Financial Group Inc. now owns 2,442 shares of the insurance provider’s stock valued at $572,000 after purchasing an additional 495 shares in the last quarter. Brookstone Capital Management boosted its holdings in Travelers Companies by 8.9% in the third quarter. Brookstone Capital Management now owns 1,438 shares of the insurance provider’s stock valued at $337,000 after purchasing an additional 117 shares in the last quarter. Wedmont Private Capital boosted its holdings in Travelers Companies by 15.1% in the third quarter. Wedmont Private Capital now owns 2,425 shares of the insurance provider’s stock valued at $548,000 after purchasing an additional 319 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. boosted its holdings in Travelers Companies by 14.4% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 2,149 shares of the insurance provider’s stock valued at $503,000 after purchasing an additional 271 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 1.0 %

NYSE:TRV opened at $245.13 on Friday. The stock has a fifty day moving average price of $245.24 and a two-hundred day moving average price of $239.28. The stock has a market capitalization of $55.65 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.07 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the business posted $7.01 earnings per share. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 20.6 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 19.56%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Barclays upped their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a report on Thursday, November 21st. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $268.00 to $275.00 and gave the company a “market perform” rating in a report on Monday, January 27th. UBS Group increased their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Bank of America increased their price objective on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $260.47.

Insider Activity

In related news, EVP Maria Olivo sold 10,410 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Travelers Companies Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.